Dana Petroleum names Reidar Hustoft new managing director for Norway

Hustoft, who has 30 years experience in the North Sea, previously served as head of Dana’s Netherlands business. Hustoft says the two branches are very different. Whereas the Dutch business maintains a varied portfolio of exploration, production and development activities, the Norwegian side is primarily focused on exploration activity.

“(In Norway) our longer term ambition is to build a balanced portfolio of exploration, development and production assets,” Hustoft says. “In the short term we need to build a strong exploration team, deliver attractive exploration prospects and develop the operating capability and safety culture to take on the challenge of developing these opportunities.”

While the two countries have different considerations, Hustoft says he has no plans to change his management style.

“Under my leadership health, safety and environmental management is always on the agenda as core values, and we are committed to continuous improvement in providing a safe place of work and performing our activity in an environmentally responsible manner,” he says. “In the Netherlands (Dana) built a strong safety culture recognized by the authorities and the E&P industry, and we intend to build on the same principles and with the same commitment as we grow in Norway.”